Solar Panel Cost Guide in Clinton, MS (2023 Update)
- Clinton Solar Installation Cost: $15,357
- 25-Year Savings: $21,799
- Payback Period: 10.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Clinton
Let's take a look at the average cost of solar in Clinton.
The average cost of a solar panel system in Clinton is 2.64 per watt. The average Clinton homeowner needs a 8.3-kilowatt system, which would cost about $15,357 with the federal tax credit, or $21,961 before the 30% tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on your specific situation and what company you choose to go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on power bills.
Click the button below to get connected to a reputable solar panel company in Clinton for a custom estimate.
Solar savings over time in Clinton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,871 |
| 3 years | $-10,898 |
| 5 years | $-7,926 |
| 7 years | $-4,953 |
| 9 years | $-1,981 |
| 11 years | $992 |
| 13 years | $3,964 |
| 15 years | $6,936 |
| 17 years | $9,909 |
| 19 years | $12,881 |
| 21 years | $15,854 |
| 23 years | $18,826 |
| 25 years | $21,799 |
Top Solar Installers in Clinton
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Another perk of utilizing a solar company is that they can help you maximize your investment by bringing down your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you're on the hunt for a solar installer in Clinton, the EcoWatch team has organized a list of our top suggestions here:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Clinton
Factors that Affect Solar Panel Costs in Clinton
Even though the average cost of a solar system in Clinton is $15,357, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,640. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Clinton, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Clinton, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.75 | $11,532 | $15,281 | 10.8 years |
| 8 kW | $2.69 | $15,080 | $20,670 | 10.5 years |
| 10 kW | $2.64 | $18,480 | $26,207 | 10.3 years |
| 12 kW | $2.59 | $21,732 | $31,893 | 10.1 years |
| 14 kW | $2.53 | $24,837 | $37,725 | 9.9 years |
| 16 kW | $2.48 | $27,794 | $43,706 | 9.7 years |
| 18 kW | $2.43 | $30,603 | $49,835 | 9.5 years |
| 20 kW | $2.38 | $33,264 | $56,111 | 9.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Clinton, MS Solar Cost FAQs
What is the average cost of installing solar panels in Clinton?
The average cost of solar panels in Clinton is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.